The U.S. Stock Market Is Now Worth $30 Trillion

That's a paraphrase of a famous Washington saying about runaway government spending in the billions. But our phrase applies to a runaway stock market.

Unless you've been living under a rock in the middle of the ocean, you know that the U.S. stock market has been on fire, with a 22% return last year. And the action so far in 2018 suggests there's no looking back.

The huge run-up in stock prices has brought the total market capitalization of the Russell 3000 Index -which covers 98.5% of the country's market capitalization-to $30 trillion, a "staggering" amount of money, according to a recent report from Bespoke Investment Group. We can't disagree.

Moreover, the run-up in value since President Donald Trump was elected is some $6.6 trillion, in just about 14 months. That's half the entire gain seen under the eight years under President Barack Obama.

Perhaps even more staggering is that Apple (AAPL) alone, valued at $911 billion, constitutes roughly 3% of the nation's total market cap.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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